People Moves

Summary Of Senior Moves In Global Wealth Management – April 2023

Editorial Staff 9 June 2023

Summary Of Senior Moves In Global Wealth Management – April 2023

The spring continued to be a strong period for moves and appointments in the wealth sector that was buffeted by the UBS takeover of Credit Suisse and the demise and rescue of Silicon Valley Bank.

Nucleus Financial Platforms, a UK-based independent, advisor platform group, appointed Laura Barnes in the newly-created role of director of business development. She reports to Paul Bagley, Nucleus’ distribution director.

Barnes has more than 25 years’ experience in financial services. She joined from Parmenion, where she was head of intermediary distribution for almost three years with responsibility for sales strategy and growth. Prior to that she served in senior sales management roles at Aegon, Cofunds and Axa Group.

Pictet Alternative Advisors named Linus Nilsson as new head of Nordics, based in Stockholm. He concentrates on direct real estate transactions across the region and reports to Charlie Baigler, head of acquisitions, direct real estate. 

Nilsson has more than 13 years of experience in the real estate industry and has held various positions in Stockholm and London. He joined from SBF Fonder AB, where he was the chief investment officer.

Pictet appointed Raymond Sagayam, as the 47th managing partner in the 218-year history of the firm. The appointment, subject to regulatory clearance, takes effect from 1 January 2024. Sagayam joined Pictet Asset Management in 2010 as head of its total return fixed income business to build and grow its long-short credit capabilities. He was later made chief investment officer for fixed income at PAM, and joined its executive committee in 2017. Sagayam also became equity partner of the group in 2018 and head of PAM for London in 2022. Prior to joining Pictet, Sagayam was a managing director for Swiss Re Asset Management in London. 

Robeco made three head of institutional sales appointments for the US and Canada, the Netherlands and the UK. Angela Ruane was appointed for the US and Canada, based in New York; Tim Kruis took on the role for the Netherlands, based in Rotterdam; and Arabella Townshend named for the UK, based in London. They report to Malick Badjie, head of institutional sales Europe, North America and Africa.

Facctum, a regtech company specialising in cloud-delivered enterprise risk-decisioning technology, appointed Syam Chintapenta as chief development officer and Onkar Inamdar as head of engineering. Chintapenta has over 26 years of experience in the banking sector, working for a wide range of firms including i-flex solutions (Citibank), Barclays and Standard Chartered Bank. 

Inamdar has worked for a number of consulting and financial services firms such as ZS, Fiserv, American Express, and startups like Flexmoney. He has over 15 years’ experience in building customer-facing applications across banking and pharmaceutical domains. 

Suntera Global, a multi-jurisdictional provider of corporate, fund and private wealth services, promoted Alex Noel to chief financial officer and appointed Tom Cope as group head of finance.

Appointed to the group board of directors earlier in 2023, Noel was previously director of mergers and acquisitions after joining Suntera Global in 2020. He has over 12 years of industry experience in financial services. 

With over 20 years’ experience working in the international financial services industry, Cope has specific expertise of in-house finance functions. Most recently, he spent seven years with a FTSE 250-listed multi-jurisdictional service provider.

London-based digital wealth management platform Welrex appointed Chris Brils as its chief investment officer. Brils, who has 25 years experience in portfolio management, specialising in high-yield credit and ESG, has a track record of managing global and European high-yield and crossover portfolios. Past experience includes senior asset management roles in firms such as BMO Global Asset Management, Brookfield Asset Management, and ABN AMRO.  

Richard Charnock, a prominent figure in UK wealth management, joined the board of Handelsbanken Wealth & Asset Management as an independent director. He retired from abrdn in May 2022 after leading the discretionary business for 15 years.

Boodle Hatfield promoted David Rawlence to partner. Rawlence, who trained at the firm, qualified as a real estate lawyer at Boodle Hatfield in 2016. He has built a significant reputation as a go-to advisor for real estate acquisitions, disposals, financing and development as well as landlord and tenant work. Alongside David's promotion to partnership, the firm also promoted Fred Clark, Katherine Worrall, Katie Male and Michael Duffy to senior associate.

Candriam promoted Nicolas Forest, the firm’s global head of fixed income since 2013, to chief investment officer. 

Forest is responsible for leading a team of over 200 investment professionals, overseeing all of Candriam’s investment platforms, including fixed income, equities, absolute return, asset allocation and sustainable investment. He is based in Brussels. Philippe Noyard, global head of credit and deputy global head of fixed income, and in the group since 1989, succeeded Forest as global head of fixed income.

Adam Rollason, tax advisory partner at PKF Smith Cooper, was appointed chair of the Birmingham branch of the Chartered Institute of Taxation after serving as deputy chair since 2019. With 18 years of tax experience under his belt, he will lead the Birmingham branch of the CIOT for the next three years. Rollason has knowledge of corporate and personal tax matters in a variety of roles at companies across the West Midlands, including RSM and Grant Thornton.

Thomas Lloyd, the impact investment solutions business, appointed Nadir Maruf as chief investment officer. Maruf joined ThomasLloyd’s executive management team, reporting to Michael Sieg, the group chief executive officer. Prior to joining ThomasLloyd, Maruf was head of private markets at Tesco Pension Investment, where he was responsible for the private markets business and underlying portfolios, including overseeing all direct and indirect unlisted strategies. 

Kingsley Napley LLP appointed Daniel Sejas as head of its Restructuring and Insolvency practice. He is supported by Nicholas Hughes who also joined as a partner. Their former colleagues from HCR Sprecher Grier, Marieta van Straaten and Roz Gergees, also joined Kingsley Napley as legal director and senior associate, respectively.

Sejas, Hughes, van Straaten and Gergees work as part of the R&I team alongside Kingsley Napley’s existing insolvency specialists, including partners Michael Mulligan, Richard Foss and William Christopher, legal director Lucy Edwards and senior associate Daniel Staunton, in a new dedicated Restructuring and Insolvency practice.

Old Mill, the UK firm, appointed Amanda Browning as partner, head of Wealth Management. Browning was previously at Evelyn Partners (formerly Tilney and Smith & Williamson) where she was responsible for the integration of the wealth management teams following the merger. A CISI Fellow Chartered Wealth Manager, CII Fellow Chartered Financial Planner, Browning started her career as a cashier at Lloyds, and over the last 25 years has served in senior roles at Coutts and Rathbones Group before joining Smith and Williamson as a director in 2019.

London & Capital, a firm which specialises in dealing with clients with a US connection, appointed Kristin Schaefer as head of relationship management for the US family office. Her focus is on the cross-border Americans' client market. Schaefer, who previously led the private bank in Utah and Idaho for JP Morgan, has worked in international banking and wealth management for the past 24 years. 

Partners Capital appointed Euan Finlay as head of Europe, Middle East and Africa. Finlay is responsible for overseeing the business across the EMEA region, including mentoring the senior investment team and executing strategic growth initiatives. Finlay joined Partners Capital from Goldman Sachs in 2009, where he worked in their investment banking division focused on mergers and acquisitions.

UK law firm Farrer & Co made a series of senior promotions to partner level. They are Barbara Beasley in commercial property, John Davies in family and divorce and Alice Yandle in employment; Jane Randell in IP and commercial and Lindsey Cunningham in residential real estate became senior counsel.

Geneva-based asset management company Noble Capital Management SA appointed Nicolas Ganne as senior portfolio manager. Prior to joining NCM, Ganne was senior broker/derivatives trader at BGC Partners, where he was in charge of the High Touch initiative. 

EdenTree Investment Management, a specialist responsible and sustainable asset manager, appointed Leonora Rae as head of corporate responsibility and charity partnerships. Rae, who joined EdenTree’s charity team in 2019, works with EdenTree’s Corporate Responsibility Committee. Prior to joining EdenTree, Rae worked in the business development team at Cambridge Associates, partnering with endowments and foundations. 

Titanbay, a private market investment platform for private banks, wealth managers and sophisticated investors, appointed Stuart McGlynn as head of intermediary sales to lead the platform’s relationships with private banks and wealth managers across Europe and the UK. McGlynn has almost three decades of experience in sales and investment management, having started his career with Standard Life as a graduate and advancing to become head of EMEA for the merged entity of abrdn.

Universal Investment Group appointed Etienne Rougier as chief operating officer. Rougier started his career at AXA Investment Managers where he led several business reorganisation projects, most notably the outsourcing of AXA IM operations in Europe. In 2005, he was named global head of change management. He then moved to London to set up the multi-manager boutique Architas, a new asset management firm for AXA Group, where he was COO for five years. In 2013, he joined Alliance Bernstein where he spent almost ten years in various management roles. Rougier holds a master’s degree in finance.

Quilter Cheviot Europe, the Irish subsidiary of discretionary wealth manager Quilter Cheviot, appointed Andrew Fahy as chief executive officer. Fahy took over the role from Brian Weber who left the business at the end of last year. Fahy joined the business as head of financial planning in Ireland at the beginning of 2022 to help establish QCE’s financial planning capability. He had previously worked at Brewin Dolphin Ireland where he was head of tax and financial planning. Prior to that, he held a similar position at Investec Wealth & Investment.

Monument, the UK "neo-bank," appointed Craig Blackburn as chief of staff, reporting to chief executive officer, Ian Rand. Blackburn has extensive experience of leading strategic initiatives. Most recently, he worked at Estel Property Group Limited as chief operating officer. Prior to this, he served in several senior posts in the Royal Navy, including chief operating officer and de-facto chief executive officer.

UK wealth manager St. James's Place appointed Justin Onuekwusi as its new chief investment officer, reporting to Tom Beal, director of investments. Onuekwusi has more than 20 years of experience in the investment management industry. He joined from Legal & General Investment Management where he was head of retail investments, EMEA and head of retail multi-asset funds. 

Suntera Global, a multi-jurisdictional provider of bespoke corporate, fund and private wealth services, announced the appointment of Kathryn Wilkinson as head of operations. Wilkinson, who is responsible for providing operational support to the Jersey office, has more than 25 years’ experience in international financial services. Prior to joining Suntera, Wilkinson was director of central operations at the Jersey Financial Services Commission (JFSC).

Boston Multi Family Office, which is based in the Isle of Man with offices in Malta, made a clutch of C-suite appointments. Nick Gilbert, who joined as chief financial officer, leads all financial operations in the firm’s offices. A chartered accountant and a fellow at the Institute of Chartered Accountants in England and Wales, Gilbert has more than 20 years’ experience working across many different industries.

Stephen Wilson became the new chief operating officer and joined the group board and the board of Boston Limited. Wilson, who joined the firm three years ago, was promoted from head of group finance. 

Alex McNee – previously COO – along with chief executive Katherine Ellis, led the management buyout of Boston in 2019. McNee took on the newly-created role of group director, mergers and acquisitions. 

Boston also appointed a new chairman, Richard Grainger. Grainger has spent 30 years in corporate finance since qualifying as an accountant with PwC. He was formerly CEO of Close Brothers Corporate Finance and has chaired more than 10 businesses.

Canoe Intelligence, the US-based fintech working in the alternative investments space, made five strategic senior hires.

Aman Soni, VP of data strategy. Soni has experience in bank operations and private markets, including strategic sales and digital innovation. He worked for seven years at JP Morgan in London.

Betsy Daitch, VP of marketing. She has more than a decade of experience in financial services at LPL Financial, S&P Global Market Intelligence, Visible Alpha, and her own consulting business, Betsy Daitch Marketing Advisors, of which Canoe was a client for more than four years.

Brian Sadler, VP of enterprise architecture and scalability: Sadler has almost 20 years’ software engineering experience across past roles at Braven, S&P Capital IQ, and Comverse.

Kevin Winter, VP of information security: Winter is an expert infrastructure and information security professional with more than 20 years of experience in IT functions across multiple industries, including manufacturing, distribution, and financial services, through roles at Crane Currency, Thermo Fisher Scientific, EMC, and Heilind Electronics.

Taylor Wamsley, VP of finance: An operational leader with over 10 years of experience leading finance, operations, fundraising, and M&A across technology, private equity, and investment banking roles, Wamsley has previously held leadership positions with Cold Start Ventures, Seismic Software, JMI Equity, and Merrill Lynch.

Invesco, an asset manager, promoted Bethany Shard to deputy fund manager on the Invesco UK Opportunities Fund and the Invesco UK Equity Fund. She joined lead manager, Martin Walker, in the management of the funds. She joined the Invesco UK Equities team in February 2020 as an analyst, having joined Invesco’s Finance & Corporate Strategy function in January 2019. Previously she worked at Ernst & Young.

Midlands-based accountancy and advisory firm PKF Smith Cooper recruited Dean Castledine to the new role of private client director, as the firm expands its tax advisory division and private client services. Castledine has 20 years of experience and expertise in private client tax advisory services to PKF Smith Cooper. 

Quilter Cheviot appointed Sarah Osato as an investment manager within its charities team. Reporting to head of charities, William Reid, she joined from tax recovery specialists WTax, where she worked as head of partnerships. Osato has also worked in the asset management industry at Anchor Capital.

REYL Intesa Sanpaolo appointed Richard Albrecht as head of wealth management. Reporting to partner Lorenzo Rocco di Torrepadula, Albrecht is responsible for developing internal wealth management operational processes as well as promoting all of the bank's business lines as part of its 360-degree service offer strategy.

Albrecht has more than 25 years' experience in banking, including 15 years in Swiss and international client development. He is based in Geneva. Prior to joining REYL Intesa Sanpaolo, Albrecht was head of French-speaking Switzerland as a member of the WM European committee at Deutsche Bank, then a member of the executive board and head of wealth management for French-speaking Switzerland at BNP Paribas. 

Evelyn Partners, a wealth management and professional services group, bolstered its Edinburgh office with the appointment of Duncan Arthur as financial planning director. Arthur joined from Blackadders Wealth Management in Dundee where he was director of financial planning and worked for more than five and a half years.

atomos, the advice-led wealth manager, appointed senior financial services industry figure Jon Taylor as chair. Taylor, who previously sat as a non-executive director on the board, took over from Alison Endemano, who had been chair since Oaktree Capital Management invested in atomos in May 2022.

Accountancy firm Saffery Champness announced six partner promotions for 2023. 

Casidhe Baleri is responsible for managing the office’s not-for-profit clients. Baleri qualified at Saffery Champness in Bournemouth as a chartered accountant and later as a chartered tax advisor. 

Seb Cartwright, based in the London corporate finance team, works on transaction support and business advisory engagements across a range of sectors. Hilary Clelland, based in Inverness, leads corporation tax services for a range of clients in and around the Highlands. 

Sarah Donaghay leads the firm's outsourcing service line. Based in London, she has over 25 years' experience in providing tailored outsourcing solutions to clients and provides business advice based on the digital reporting delivered by her team, the firm added. 

The promotions also included London-based Kathy Johnson, a member of the firm’s sports and entertainment group. Johnson has 25 years’ experience of advising entertainers and production companies. 

Sean Watts, a corporate tax advisor with experience of advising businesses and their owners on their tax affairs across a wide variety of industry sectors, was also promoted. Based in Bristol, Watts' experience includes advising on tax matters associated with acquisitions, disposals and restructuring companies, employee incentive structures, tax aspects of debt and equity fundraisings and capital allowances.

Carmignac appointed Jacques Hirsch as co-manager of the Carmignac Portfolio Patrimoine Europe fund, a flexible, mixed Europe allocation fund. Hirsch, based in London, joined the firm. He took over Keith Ney's responsibilities, who left Carmignac for personal reasons. Hirsch joined from Ruffer, where he has worked since 2011.

Canaccord Genuity Wealth Management UK and Crown Dependencies appointed Duncan Stratford to the newly-created position of managing director of its UK business. With 20 years at the firm, most recently as head of the UK front office, Stratford was promoted to managing director and will take responsibility for the growth of the UK’s extensive investment management and wealth planning business.

Robeco appointed Ralf Oberbannscheidt as global head of Thematic Investing. Based in Zurich, Oberbannscheidt is responsible for overseeing the teams and furthering the development of the active thematic investing offering. He reports to Mark van der Kroft, CIO Fundamental and Quant Equity. Oberbannscheidt was formerly a founding partner and portfolio manager at Global Thematic Partners, New York, where he was responsible for analyst and portfolio management. From 1999 to 2010, he was senior portfolio manager at Deutsche Asset Management, based in Frankfurt and later for DB Advisors in New York.

Offshore law firm Appleby announced 12 senior promotions across its Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Isle of Man, Jersey and Mauritius offices.

Partner promotions:

-- Dean Bennett (Corporate, Cayman Islands); 
-- Claire Corkish (Dispute Resolution, Isle of Man); 
-- Andrew Jackson (Dispute Resolution, Cayman Islands); and
-- Farzanah Nawool (Corporate; and Dispute Resolution, Mauritius).

Counsel promotions:

-- Susan Fallan (Dispute Resolution, Cayman Islands); 
-- Stuart Fee (Corporate, British Virgin Islands); 
-- Paula Fry (Private Client & Trusts; and Corporate, Guernsey); 
-- Khiyara Krige (Dispute Resolution, Bermuda); 
-- David Lewis-Hall (Dispute Resolution, Cayman Islands);
-- Ashley Oogorah (Corporate, Mauritius);
-- Caljonah Smith (Private Client & Trusts, Bermuda); and 
-- Paul Worsnop (Corporate, Jersey).

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